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The Wealthy Code: What the Wealthy Know About Money That Most People Will Never Know!
The Wealthy Code book is about a story of how a very wealthy man shared with the author the practical secrets to becoming wealthy. The story reveals the code the wealthy use and unveils the details of the code. It allows readers to understand wealth, to build wealth, and ultimately, to become wealthy. This simple, easy-to-understand book walks the reader through advanced and powerful concepts that can help you become wealthy.
REVIEWS:
"A masterpiece! The Wealthy Code continues where the others leave off!"
Jim Britt, Peak Performance Coach, Author of Do This. Get Rich!
"I have read hundreds of books on becoming wealthy. This tops them all. Brilliant!"
Willie Hooks, CEO of Million Dollar Coaching
"Absolutely amazing! I use the same secrets to generate double-digit returns for my investors. Now the secret is out!"
John Taylor, CEO & Investment Manager
REVIEWS:
"A masterpiece! The Wealthy Code continues where the others leave off!"
Jim Britt, Peak Performance Coach, Author of Do This. Get Rich!
"I have read hundreds of books on becoming wealthy. This tops them all. Brilliant!"
Willie Hooks, CEO of Million Dollar Coaching
"Absolutely amazing! I use the same secrets to generate double-digit returns for my investors. Now the secret is out!"
John Taylor, CEO & Investment Manager
- GenresFinance
180 pages, Kindle Edition
First published November 28, 2010
55 people are currently reading
134 people want to read
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Displaying 1 - 8 of 8 reviews
November 19, 2020
The book is based on top of sound ideas, but style is quite poor. There is LOTS of duplication throughout, which gives the feeling of artificially lengthening the chapters. I appreciate some ideas are worth repeating, but anything over 5 times is too much for me. The cross-selling in the end is a bit too much, adding a bitter feeling in the final chapters.
Don’t get me wrong - I am fully aligned with the main Idea of the book! Leverage is absolutely crucial to building wealth. Personally I would have preferred omitting the extra duplication and artificial stories. 20 straight-to-the-point pages seem better than 120 artificial ones.
Really torn between 2 and 3 stars here. Will put the higher one because leverage is so important in the long run!
Don’t get me wrong - I am fully aligned with the main Idea of the book! Leverage is absolutely crucial to building wealth. Personally I would have preferred omitting the extra duplication and artificial stories. 20 straight-to-the-point pages seem better than 120 artificial ones.
Really torn between 2 and 3 stars here. Will put the higher one because leverage is so important in the long run!
January 31, 2022
This book offered a good perspective on the purpose and goals of investing. The author makes an interesting distinction between being rich (having a lot of equity in things) and being wealthy (owning and controlling one's time). He advocates for pursuing being wealthy first and then worrying about becoming rich only if it's important to you.
The other big takeaway for me was: it's the financing that makes you wealthy rather than the vehicle you choose to invest in. That leverage can be game changing in accelerating your wealth creation isn't a new idea, but that it is the primary thing that leads to wealth was. Even after investing in multiple real estate deals over the past several years, this book made me realize that real estate doesn't make people wealthy simply because it's a superior vehicle compared to other things (Stocks, bonds, crypto, etc.) but because it's one of the few asset classes where the average person can use leverage which is what truly makes you wealthy. The details of how to properly run the numbers not just on anticipated investment performance but, more importantly, the spread that will be created between the investment returns and financing costs lit up my engineer brain. I'm looking forward to doing this analysis on my next property purchase and to go back and evaluate how I'm doing on my previous deals where I didn't understand the criticality of getting the right financing in place.
Also included was a healthy and critical discussion of how to use leverage safely in order to not get burned.
This book is hardly a comprehensive education on the subject of financing and real estate investing but it was a very important read for me to understand how to improve and enhance what I'm doing. I'd recommend it to anybody interested in building true financial freedom (owning your time), especially in a time frame shorter than 30+ years.
The other big takeaway for me was: it's the financing that makes you wealthy rather than the vehicle you choose to invest in. That leverage can be game changing in accelerating your wealth creation isn't a new idea, but that it is the primary thing that leads to wealth was. Even after investing in multiple real estate deals over the past several years, this book made me realize that real estate doesn't make people wealthy simply because it's a superior vehicle compared to other things (Stocks, bonds, crypto, etc.) but because it's one of the few asset classes where the average person can use leverage which is what truly makes you wealthy. The details of how to properly run the numbers not just on anticipated investment performance but, more importantly, the spread that will be created between the investment returns and financing costs lit up my engineer brain. I'm looking forward to doing this analysis on my next property purchase and to go back and evaluate how I'm doing on my previous deals where I didn't understand the criticality of getting the right financing in place.
Also included was a healthy and critical discussion of how to use leverage safely in order to not get burned.
This book is hardly a comprehensive education on the subject of financing and real estate investing but it was a very important read for me to understand how to improve and enhance what I'm doing. I'd recommend it to anybody interested in building true financial freedom (owning your time), especially in a time frame shorter than 30+ years.
December 4, 2021
This was a great read that goes against what the media says. The steps will need to be done to get the hang of it. His steps makes a lot of sense.
January 6, 2024
A good book, 3 stars for me because it talks mainly about real estate and I’m not really looking down that path at the moment. Some solid finance information though! Skipped through parts.
March 20, 2018
This book is a wealth of knowledge. It explains the difference between being rich and wealthy when these two concepts are mistakenly used interchangebly. In fact, they are very different.
Passive income concepts are explained clearly with examples and a focus to a certain extent in real estate which is what intrigued me.
My biggest wakeup moment was how much this status quo environment has brain washed the mainstream public.
Most Gen X and Y'ers are living slave lives with their fancy corporate employers quite content with sophisticated titles like Systems Software Designer, VP Marketing, Cloud coding strategist, etc. Others are so proud to say that they are cadiologists, architects, college professors.
What they don't realize that they have missed the boat to owning their time.
They can proudly brag about their "busy" schedules and business trips, when they're quietly living a life of isolated desparation.
What this book focuses on is how to invest, what are the top 4 catagories of investment, and how to get the biggest bang for your buck by just making and managing wealth pairs.
This lifestyle gives you your life back, you own your time which is a big accomplishment when you are investing for yourself and rewarding yourself.
I got numerous ideas when reading this book and it gave me a great deal of motivation to take my business to the next level.
Totally recommend it to people who want to own their time and take control of their life.
Take that first step !
Passive income concepts are explained clearly with examples and a focus to a certain extent in real estate which is what intrigued me.
My biggest wakeup moment was how much this status quo environment has brain washed the mainstream public.
Most Gen X and Y'ers are living slave lives with their fancy corporate employers quite content with sophisticated titles like Systems Software Designer, VP Marketing, Cloud coding strategist, etc. Others are so proud to say that they are cadiologists, architects, college professors.
What they don't realize that they have missed the boat to owning their time.
They can proudly brag about their "busy" schedules and business trips, when they're quietly living a life of isolated desparation.
What this book focuses on is how to invest, what are the top 4 catagories of investment, and how to get the biggest bang for your buck by just making and managing wealth pairs.
This lifestyle gives you your life back, you own your time which is a big accomplishment when you are investing for yourself and rewarding yourself.
I got numerous ideas when reading this book and it gave me a great deal of motivation to take my business to the next level.
Totally recommend it to people who want to own their time and take control of their life.
Take that first step !
December 25, 2022
I liked it. It focuses on the mathy, rational side of wealth building. So if you could turn off your emotions maybe his strategy would work. Regardless, at minimum, anyone who uses debt to purchase an investment (e.g., rental property) should read this book.
Second read. I got more out of it.
Second read. I got more out of it.
March 5, 2014
Great book to follow a Rich Dad book -- does a good job to build on the foundation. Gives you more context and more a practical strategy for long-term investments in real estate.
November 9, 2019
Great book
Really eye opening for me, great for people who loves to build wealth and a closer look to using leverage to do so. Strongly recommend!
Really eye opening for me, great for people who loves to build wealth and a closer look to using leverage to do so. Strongly recommend!
Displaying 1 - 8 of 8 reviews