What do you think?
Rate this book
Low Cost High Life: Live an Affordable Life of Luxury
Life is getting more and more expensive. Cost of living keeps going up, pensions have dwindled and are taking longer than ever to pay out, and people are having to work more and longer for the same (or lower) quality of life. The post-apocalyptic recession has left many businesses having to start again. This book will help you live a Low cost high life and is a 25 year voyeuristic journey on how to become wealthy and successful in these most unique times. In reading this book now you'll • How to use 'silent compounding,' to turn small daily savings anyone can make, into large chunks of lifetime cash • How to keep exactly the same lifestyle you have now and 'spend invest,' your way to a minimum of £1,791,735 in 20 years or less, proven and detailed in the book • The 'Giant leap' wealth attraction strategy using everyday 'household,' items and hidden daily opportunities to make long term cash and passive recurring income • The 'Wealth mirage' technique to create and live a high opulent lifestyle on minimum daily costs and savings • How to use low/no cost fast-start tactics such as 'Gratitude Leverage,' and 'Cheek creativity,' to get others to do what you want, when you want, for the low cost high life • 'Irregular shock protection,' 'Liquid cash pile power,' and 'Random cash windfalls,' for the easy way to the low cost, high life affordable life of luxury Mark Homer became a financially free multi-millionaire businessman investor by the time he was in his early 30's. In this unique book he shows you in his renowned analytical, detailed and controversially skeptical nature how you can realistically achieve the low cost high life for the long term, in the shortest possible timeframe.
- GenresFinance
272 pages, Kindle Edition
First published May 1, 2014
11 people are currently reading
63 people want to read
About the author
Mark Homer
18 books3 followersMark’s Mantra – “Focus like a laser on one thing and become the best at it”
Mark Homer has bought, sold or has managed around 1,000 property units for himself, Rob Moore, his family and his investors since 2003. He is a systems and spreadsheet geek, and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
He has commented and been referenced in almost all major publications including BBC Radio, The Independent, the FT, The Wall Street journal, as well as co-authoring the UK’S best-selling property Books. Mark has a cult podcast called “Mark my Words”.
Mark quit corporate life in 2006 where he saw a long road to quiet desperation, giving up a ‘good job’ that was actually dead end and monotonous. Mark has been an entrepreneur investor since the age of 15, setting up many small businesses through University, and continually saving, re-investing and compounding the money using laws of wealth that he now teaches to 10,000’s of people.
Often behind the scenes and reclusive, Mark just likes to buy property. He’d love to keep investing for another 50 years, doesn’t really like spending money and has a great eye for cost control. He is author of “Low Cost High Life” and “UnCommon Sense” and enjoys flying Helicopters, walking his dog in the countryside and all things business, finance and economics.
Mark Homer has bought, sold or has managed around 1,000 property units for himself, Rob Moore, his family and his investors since 2003. He is a systems and spreadsheet geek, and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
He has commented and been referenced in almost all major publications including BBC Radio, The Independent, the FT, The Wall Street journal, as well as co-authoring the UK’S best-selling property Books. Mark has a cult podcast called “Mark my Words”.
Mark quit corporate life in 2006 where he saw a long road to quiet desperation, giving up a ‘good job’ that was actually dead end and monotonous. Mark has been an entrepreneur investor since the age of 15, setting up many small businesses through University, and continually saving, re-investing and compounding the money using laws of wealth that he now teaches to 10,000’s of people.
Often behind the scenes and reclusive, Mark just likes to buy property. He’d love to keep investing for another 50 years, doesn’t really like spending money and has a great eye for cost control. He is author of “Low Cost High Life” and “UnCommon Sense” and enjoys flying Helicopters, walking his dog in the countryside and all things business, finance and economics.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 6 of 6 reviews
January 1, 2019
This was a difficult read for me. Mainly because my life views and attitudes are so opposed to the author’s. I don’t live to generate wealth. I get a lot of joy from spending, and I enjoy my few beautiful material objects greatly and daily. So I thought it’d be good to get a different perspective.
The first half of the book is a retelling of the author’s life, personally and in business. It’s pretty interesting but also very detailed and lengthy - and honestly I was annoyed because I hadn’t expected that - I thought it was going to be more instructional than biographical.
He also describes in great detail his thoughts and methods around property investing, which is his investment strategy of choice. If you’re interested in property (especially UK property), and in particular scaling your property business, I’d highly recommend this book. He clearly knows his shit and is generous to share his considerable knowledge (well, that and create an additional passive income stream).
If, like me, you’re looking for tips on curbing your spending and having a sensible personal financial strategy, I’d recommend reading the second half only. There’s some solid advice there. I like the idea that saving a pound gives you the whole pound, but earning a pound - you lose nearly half of it through tax! And the comparison between buying something now vs reaping the rewards of its potential income later - having compounded over 20 years is useful (although the 10% per annum return he constantly quoted irked me - is that honestly realistic?) I also liked the idea of only spending income from your assets and never using up capital. I’m going to find that hard but I think it’s something to aspire to. Buying older properties over new builds also makes sense.
Overall, an interesting read. A bit of a mix of stuff which reflects the author’s personal life, history and views, but I will certainly make some changes to my behaviours based on this.
The first half of the book is a retelling of the author’s life, personally and in business. It’s pretty interesting but also very detailed and lengthy - and honestly I was annoyed because I hadn’t expected that - I thought it was going to be more instructional than biographical.
He also describes in great detail his thoughts and methods around property investing, which is his investment strategy of choice. If you’re interested in property (especially UK property), and in particular scaling your property business, I’d highly recommend this book. He clearly knows his shit and is generous to share his considerable knowledge (well, that and create an additional passive income stream).
If, like me, you’re looking for tips on curbing your spending and having a sensible personal financial strategy, I’d recommend reading the second half only. There’s some solid advice there. I like the idea that saving a pound gives you the whole pound, but earning a pound - you lose nearly half of it through tax! And the comparison between buying something now vs reaping the rewards of its potential income later - having compounded over 20 years is useful (although the 10% per annum return he constantly quoted irked me - is that honestly realistic?) I also liked the idea of only spending income from your assets and never using up capital. I’m going to find that hard but I think it’s something to aspire to. Buying older properties over new builds also makes sense.
Overall, an interesting read. A bit of a mix of stuff which reflects the author’s personal life, history and views, but I will certainly make some changes to my behaviours based on this.
December 21, 2024
He explains how he leaved in 2 countries when he was young. The way he was treated when he worked for someone else. What strategies he applied when he open a property agency and what he did too save money and the lessons the learned.
This entire review has been hidden because of spoilers.
August 29, 2018
Quality read
A really good book about investments and mark clearly knows what he is talking about! Definitely a must read, you won’t regret
A really good book about investments and mark clearly knows what he is talking about! Definitely a must read, you won’t regret
February 3, 2016
I found the Low Cost High Life to be a very inspirational book.
The main ethos of the book is to spend less and invest your savings in assets that produce income until you reach the point that your passive income exceeds your basic living expenses. You can continue until this income far exceeds this level and live a luxury life, but you can still do this cost effectively by buying luxury watches and cars that have already reached their peak depreciations points and in some cases will start to increase in value.
The author has a very successful property business and most of the stories relate to investing in property.
You can do this with joint venture partners and bank financing using none of your own money. The author suggests that a basic single let property should bring in at least £150 per month after all expenses, although the right property and higher yielding strategies like HMO’s, Commercial to residential conversion etc.. could produce far more than this.
Mark suggests that people buy properties based on cashflow and not future capital appreciation. This is a theory that matches both Rich Dad Poor Dad and Warren Buffett who suggest buying properties and shares based on their expected and reliable income potential and not speculate on their values rising. This is because if your assumptions about capital appreciation are not correct you will still get cashflow. This will also help prevent issues during market crashes. A price fall is less of a concern if the income exceeds any debt payments on the assets. If you are highly leveraged with the debt exceeding the value of the asset and no cashflow the situation can become very serious very quickly.
I read this book because I have made the decision to make a further property investment during 2016 and I also want to better control my spending, saving more money.
By saving more money two things happen:
1) You save more
2) You need less money to retire, enabling you to retire sooner and ultimately requiring less savings to invest
The main ethos of the book is to spend less and invest your savings in assets that produce income until you reach the point that your passive income exceeds your basic living expenses. You can continue until this income far exceeds this level and live a luxury life, but you can still do this cost effectively by buying luxury watches and cars that have already reached their peak depreciations points and in some cases will start to increase in value.
The author has a very successful property business and most of the stories relate to investing in property.
You can do this with joint venture partners and bank financing using none of your own money. The author suggests that a basic single let property should bring in at least £150 per month after all expenses, although the right property and higher yielding strategies like HMO’s, Commercial to residential conversion etc.. could produce far more than this.
Mark suggests that people buy properties based on cashflow and not future capital appreciation. This is a theory that matches both Rich Dad Poor Dad and Warren Buffett who suggest buying properties and shares based on their expected and reliable income potential and not speculate on their values rising. This is because if your assumptions about capital appreciation are not correct you will still get cashflow. This will also help prevent issues during market crashes. A price fall is less of a concern if the income exceeds any debt payments on the assets. If you are highly leveraged with the debt exceeding the value of the asset and no cashflow the situation can become very serious very quickly.
I read this book because I have made the decision to make a further property investment during 2016 and I also want to better control my spending, saving more money.
By saving more money two things happen:
1) You save more
2) You need less money to retire, enabling you to retire sooner and ultimately requiring less savings to invest
February 26, 2024
This was a worthwhile read if you want to build wealth that lasts and avoid the mistakes along the way by leveraging the experience and wisdom of the author as found in this book - good wealth building principles with the authors own spin and insight - I kinda found it useful but nothing particularly groundbreaking- it’s something I naturally kinda get if not “common sense” dare I say it...
To Our Continued Success!
Seemy
Waseem.tv/Blog
👆🏼 P.S -
If you found this review helpful - I’d like to invite you to discover more on our blog. Where the community share some of our most important insights to level up each others knowledge 💡- from experience in studying books like this, training programs, podcasts and much more - visit the blog link above to find out more.
P.P.S 😅 - You probably noticed from my profile that I’ve reviewed a LOT of books over the years now - if you love seeking knowledge like me I’d love to connect with you further as a like minded person (send me a friend invite! 😀) - Also if you are curious - here is my preferred and recommended resource for seeking timeless wisdom - Check it out via the website invite link below 👇🏼 (You’ll be able to claim some awesome books for free 📚)
https://Waseem.tv/GoodReadsBookInvite
To Our Continued Success!
Seemy
Waseem.tv/Blog
👆🏼 P.S -
If you found this review helpful - I’d like to invite you to discover more on our blog. Where the community share some of our most important insights to level up each others knowledge 💡- from experience in studying books like this, training programs, podcasts and much more - visit the blog link above to find out more.
P.P.S 😅 - You probably noticed from my profile that I’ve reviewed a LOT of books over the years now - if you love seeking knowledge like me I’d love to connect with you further as a like minded person (send me a friend invite! 😀) - Also if you are curious - here is my preferred and recommended resource for seeking timeless wisdom - Check it out via the website invite link below 👇🏼 (You’ll be able to claim some awesome books for free 📚)
https://Waseem.tv/GoodReadsBookInvite
October 5, 2020
I’ve read plenty of finance books, but this one was quite different, in the sense that it was more about insights and life experiences that Mark & Rob learnt than practical tips. Most of which are just ‘recycled’ ideas (cliche) from other books. Overall, I was captivated to begin with but then felt meh as I progressively read through it. I stopped halfway and just speed read the rest. Still prefer Rich Dad Poor Dad. However, it did give me an insight on how it is to work in a company with a crazy boss. :)
Displaying 1 - 6 of 6 reviews