Confucius said that a thousand-mile journey begins with a single step. The same principle applies to becoming a self-made millionaire, except this journey is a little shorter, comprising just 52 common sense practices. Featuring interviews with a wide-ranging list of self-made millionaires, you will be astonished to see how anyone can achieve this status by creating the right mindset. You will learn how white-collar professionals, blue-collar workers, small business owners, even teenagers alike have joined this million-dollar net worth club by methodically and consistently putting into practice the self-made millionaire game plan revealed in this book. In What Self-Made Millionaires Do that Most People Don’t, Ann Marie Sabath makes it easy for you to implement these simple strategies by posing a question at the end of each section to help you begin your own self-made millionaire journey.What Self-Made Millionaires Do that Most People Don’t will teach How to create a self-made millionaire mindset.The 25 habits all accomplished individuals have in common.How self-made millionaires benefit from “failure.”Powerful advice for anyone ready to begin their self-made millionaire journey.OK, you’ve been given the rod, now go fish!
PROS: The tips in What Self-Made Millionaires Do that Most People Don't are solid... nothing wrong with any of it.
CONS: This book seems like a watered-down version of The Millionaire Next Door by Thomas Stanley. By comparison, The Millionaire Next Door gives a much more thorough description and more relevant statistical analysis of how typical millionaires earn their living and how they spend their time and money (hint: most are NOT flashy with their money, they spend less than they make, they tend to save for retirement starting early in their career, they buy 1 to 4 year old used vehicles rather than brand new, etc.). When I first read Thomas Stanley's book, the financial lessons were eye-opening and have stuck with me for many years. In fact, I have shared his book's advice with my own family many times.
Just my opinion, but I would strongly recommend The Millionaire Next Door over this book.
I though this book covered many of the mindsets required to grow pretty well. The points and secrets were quick and to the point with instructions between each secret or habit to grow for one's self and make yourself a millionaire. I agree with many of the secrets that are presented, but I do feel hesitant with some. Though, that is more of a matter of practicing and finding out for myself. With this read, I do feel a little more motivated by the lessons presented. One thing I do want to mention is the $1000 saved a month to be a millionaire during retirement.
I would recommend this book for general financial education.
I got this book on a buy one, get two free deal through audible and there weren't too many choices to pick from. It's an okay book. I liked it. It was like a summary to other books I've read and just common sense things. I think there are other, more valuable books out there about making/saving money.
Don’t just pick this book up to be a millionaire; pick it up for the great life lessons in it! This one is full of great attitudes and behaviors that will make one successful in whatever we choose to do with our lives. Well written and a great guide to those in their post-college professional careers. Key excerpts below:
- 3 tips for taking control of your life; Identify your strengths and weaknesses, have a positive sense of self, avoid “paralysis analysis”/overthinking. P42. - They realized that they do not have to act like Pavlov’s dog every time they receive an email message or telephone call…. Rather than letting distractions control you, do what successful people do who have mastered the power of focus. P54. PJK: learned this one several years ago. You can’t lead by sitting and watching for email to arrive in your inbox. You must break away from the computer screen to do real work. - After formal schooling ended, did your learning curve begin to flatten? P57. PJK: so glad I started a professional reading program back in 2015. I’ve learned so much after reading 300 books since that time. - As you prepare to take a risk, plan ahead. Ask yourself the best thing that would happen as well as the worst case scenario. Create proposed solutions for both scenarios. P77. - Secret 26. Take time to think. P93. PJK: It’s not goofing off if you’re a leader. Put that time on your calendar to think about your workload and where you want to take your team… otherwise you’re again just tied to email and others are directed your work plans. - From Robert Kiyosaki: The four people with whom you spend the most time is who you become in the future. P97 PJK: I need to remember this one! So true! - From Dr Zachary Berk’s research: He also has found that when organization’s managers know when their team members are happy or not they can better manage them. P110. - Tennessee Williams words prove it: “Luck is believing you’re lucky.” P121. - I truly believe that the worst disease in the world is the lack of self-esteem. P129. PJK: Sadly I’ve seen this. Job #1 for parents is to build confidence into your kids. The world is tough thus they must go into the world believing in themselves. - Another trait that goes hand in glove with these positive people is their glass is “completely full” mindset rather than having a “half-full” mindset. P149. PJK: I love this line. Don’t say you’re a glass half-full person; be “completely full”!
1. Think big - Conceive, believe, achieve 2. Believe "It" to See "it" (define drea, document the goal behind, make the goal a reality, and "act as if" it has already happened 3. Be Intentional - take control of your life 4. Have a strong work ethic 5. Set priorities (be a time master, be punctual, and stay focused) 6. Have a thirst for knowledge 7. Stay organized - be a minimalist, plan ahead 8. Be efficient - build a team, delegate 9. Go that extra mile - take calculated risks, learn to turn failures into opportunities, persevere 10. Develop a high emotional quotient - listen up, dont be afraid to ask, pay it forward 11. Nurture the body and mind - exercise, take time to think, 12. Associate with like-minded people- surround yourself with people you want to be like, find a brain trust advisor 13. Have a good outlook on life - stay positive, be happy, stay motivated 14. Take initiative - challenge yourself, ask until you get a yes, create your own luck 15. Be Imaginative - make it happen, the sky's the limit 16. Innovate - reinvent yourself, embrace change 17, Have self respect - be respectful, be humble 18. Be appreciative - be grateful, place a high value on the personal life 19. Pay it forward - give back! 20. Be a good stewards of money - live below your means, create a financial roadmap 21. Be in control of the financial destiny - pay yourself first, pre-plan your purchases 22. Build Wealth - create multiple sources of income 23. Monetize your expertise - start a business 24. Think long term - delay short-term gratification 25. Enjoy the journey as much as the destination - recognize that it is not about the money, take action!
This entire review has been hidden because of spoilers.
Raamat on hea. Punktide kaupa on ära toodud harjumused ja uskumused, mida raamatu kirjutamisel kaasa löönud iseseisvalt rikastunud miljonärid on kasutanud. Ainult, et neis polnud midagi uut.
Äkki oli asi selles, et minu jaoks oli see 31.raamat, mille paari aasta jooksul külluse teemadel olen läbi lugenud. Paljud mõtted neist juba ka praktikas kasutusel. Mitmed olen ise lahti kirjutanud oma raamatus ,,Rikaste inimeste 30 harjumust".
Ilmselt oleks see hea raamat algajale küllusehuvilisele.
Sellised segased tunded jäid jah sisse. Ühelt poolt mõnusalt ja sujuvalt kirjutatud, huvitav, aga teisalt ei miskit uut. Kirjutan ka blogis: https://midaheliluges.blogspot.com/20...
I think this is a great book. Yes some of the material is common sense but if you used it you would be a millionaire. I also like the way she put it together. The flow is good. It is an easy read but not necessariky a fast read. I read it on my phone's kindle app and U had to keep stopping to take notes. I said this in another review. This will be my new bible of achievement. I even ordered a hard copy edition to read again and scribble notes in the margin. She holds nothing back and I truly believe if you follow her suggestions you will achieve your goals.
These were indeed things that self-made millionaires do, and probably very sound advice for most people. That said, this book confuses correlation with casualty and works from the premise that doing these things will make you a millionaire. It misses the likelihood that there might be thousands of people doing all 52 of these things who are not millionaires. That said, I would still recommend the book. With the read.
When I read this book I was not sure but have read it several times. Thank you for writing this book i learned a lot. Again it seeing the habits and going for the ones you haven't done yet.
This is a wonderfully written book with fantastic steps that will help you grow your wealth. I especially love secrets #12-14 that talks about staying focused and never stop learning. Highly recommend!
Ann Marie Sabath draws together 52 ideas which, once you read them, seem like common sense. In fact, after you put the book down, you say to yourself, “Why didn’t I think of that?”.
“What Self-Made Millionaires Do” is an easy, quick read. Sabath has a great writing style which keeps the reader engaged and looking for the next great concept. Although you may read the book through quickly, it is easy enough to do, you will want to read making notations along the way. Use these notes to go back and study those areas where (1) you have already accomplished what she suggests or (2) find yourself lacking and in need of improvement.
After you have an overview of all the characteristics of a self-made millionaire, you will want to focus in on one concept at a time. Otherwise you will become overwhelmed with the wealth of information and good solid advice Sabath is offering in this book. Therefore, read the book rapidly once, then go back and study it for tidbits of wisdom which will help you accomplish your goals.
You may never become a self-made millionaire but if you will practice these characteristics you will develop a better lifestyle and future. And, who knows, you might just break into that seven figure strata which everyone seems to yearn to achieve. It starts with picking up this book and putting into practice the wisdom found in it.
Upon request the publisher sent me a copy of the book to review.