From viral social media phenomenon Nicholas Crown, who’s “Rich vs. Really Rich” series has grown a following of over 3 million across social media platforms, comes a modern formula for building wealth in today’s economy based on ten points that include habitual kindness, optimizing quality of life over dollar amounts, and eight other revolutionary and timely principles.
Really Rich is a timely work of prescriptive finance by social media influencer and entrepreneur Nicholas Crown. Crown shows established, and future generations of businesspeople that without the social grease of kindness, coupled with a financial model that views the world as a “non-zero-sum game,” immeasurable value would be robbed from society and innovation would grind to a halt. In Really Rich, Crown provides readers with an original, ten-point formula for building wealth and
1. Create Get rich by making someone else's life easier 2. Understand that time is priceless 3. Optimize for quality of life, not a dollar amount 4. Kindness is an accelerant to wealth 5. Humility is the boundary between rich and really rich 6. Rudeness robs value from society 7. The market decides what's valuable 8. Iterate until someone starts clapping 9. Obsession with status impedes growth 10. Lean on creativity to become future-proof
Really Rich offers an appealing message for a young personal finance audience. With more than 2M+ followers across multiple platforms, Crown encourages his mostly Gen Z and Millennial audience to embrace three foundational (1) humility, rather than hoarding or cutthroat competition; (2) iteration, or calmly moving through a series of failures until one works, is the cornerstone of success; and (3) the world, due to continuing advances in technology and communication, is now a non-zero-sum game in which everyone can contribute to the growth of an ever-expanding economic “pie” without taking resources from another.
At first glance, it might seem this book is only about earning money. But, as I sit here thinking about it, there is so much more to the concept of being really rich because being rich is more than an economic state.
This book works towards explaining why much of what we were taught about being rich is inaccurate. Largely based on his own experiences of realizing that money was never going to buy him happiness, he shares what he believes to be ten ideas that enable one to become really rich, financially and in other ways, too. He explains it is necessary to:
1. Create something of value that helps make life easier for oneself and others, 2. Create something that is needed. He explains Blockbuster, CBS, and newspapers failed because they did not understand changing needs, 3. Remember that failure is an opportunity to learn and that social media can be very impactful and speed up the process of creating, 4. Value time because it is limited, 5. Remember that money does not buy happiness, 6. Kindness is important to success and oftentimes has unexpected and positive results, 7. Stay humble because confident successful people do not need to seek attention or brag, 8. Treat others as you want to be treated. Rude people act poorly because they are unhappy with themselves. 9. Ignore status because results are more important than attention seeking behaviors or items, 10. Be creative because the world needs people who can think and create.
There was so much to love and learn in this book. He reiterates that titles and objects of prestige do not matter because our society is changing, as it has in the past. We can’t live dreaming of what we will do to enjoy life more in the future because our future is not guaranteed. On page 99 he shares, “Doing what you love to do is what freedom tastes like, and it is where the Really Rich reside.” This books 236 pages offer a lot of good advice and examples for those who want to learn to enjoy life and have more than just money.
Synopsis You have a dream job on Wall Street, one people would die for. You’re a millionaire, living in a high rise on Park Avenue in NYC, but one day, you decide you want to quit. You know this is the end of your career on Wall Street, there’s no going back. So you quit, and you lose EVERYTHING. You have no money and a busted dream, but you want to be rich, really rich, and you don’t want to depend on others to make that happen.
My Thoughts Nicholas Crown’s story is inspiring. He went from everything to nothing in about a year. But he had determination and was able to pick himself back up and achieve the wealth he craved and desired. This book outlines behaviors that are necessary to become really rich. It also gives you scenarios/examples of how the rich think and how the really rich think. Exercises are included to help you brainstorm business ideas based on your childhood and passions. He focuses on iteration, markets, where you can offer value, and creativity. There were a lot of scenarios that had me thinking and made me realize I need to change the way I look at what’s happening in my business. It’s pretty eye opening at points, and there are so many examples, it really gets your mind working on overdrive, and you leave this book with hope for your business (or future business)!
Themes 💰 Entrepreneurship
Ratings Pace: 4 ⭐️ Enjoyability: 4 ⭐️
Thank you Hachette Books | Balance and NetGalley for an advanced copy of this book!
I am on chapter 4 and am so sick of hearing the word reiterate and reiteration. My grandson was in the car and he started saying the word over and over as many times as the Nicholas Crown. It's tragic and hard to read.
2nd strike is that he says there is no such thing as luck! Did the person who won the prize at the local fair reiterate to get that door prize?
Chapter 4 and I have yet to hear something I haven't already heard except reiterate and reiteration at least one hundered times.
This book came my way from an ex finance acquaintance and it is right now perhaps the worst book I’ve read this year. Ten traits that Crown talks about that, zero insights. I should’ve looked up the author before starting the book. Chapter 1 was solid. Talks about being a Wall Street banker and how it was hard for him to walk away from the pay. The rest of it is very basic advice such as investing and being kind to people.