Seven Years to Seven Figures: The Fast Track Plan to Becoming a Millionaire by Michael Masterson, Norman Dietz (Read by)

Product Details

Synopsis

Masterson, a self-made millionaire, draws upon his own experiences to offer a complete program for readers to reach seven figures within seven years. The author shows readers how to set target nest egg lifestyles for themselves and then goes into detail on how to increase their income and continue to save for the future-to achieve the target. Methods discussed will be how to gain equity in a business that will provide an income stream for the future; how to buy real estate and how to invest the rest of your money and more.

Annotation

Masterson, a self-made millionaire, draws upon his own experiences to offer a complete program for readers to reach seven figures within seven years. The author shows readers how to set target nest egg lifestyles for themselves and then goes into detail on how to increase their income and continue to save for the future-to achieve the target. Methods discussed will be how to gain equity in a business that will provide an income stream for the future; how to buy real estate and how to invest the rest of your money and more.

Publishers Weekly

This is not the book for people who merely want to enjoy a comfortable retirement, but for those whose goal is nothing less than becoming fabulously wealthy. Masterson (Automatic Wealth) derides what he calls the "pinch-save-and-wait" philosophy of contributing the maximum to one's 401(k) and depending on compound interest and time to work their magic. Such tactics, he says, can take decades to bear fruit, whereas most of his clients are baby boomers who hope to realize astonishing gains in a few short years. The first part of the book is about "super-sizing" one's income to six-figure levels in order to free up money for investing in one's own businesses, and soaking up knowledge from mentors and bosses. The rest contains numerous stories of self-made millionaires (almost all from sales and direct marketing) along with Masterson's advice: invest in businesses you understand and, more importantly, can actually control; be entrepreneurial and a risk taker; never stop networking and selling yourself; invest heavily in real estate. Masterson's aggressive, gratingly self-promotional message is oddly out of synch with Dietz's gentle, avuncular, let's-chat-on-the-porch narration. Dietz's wonderful storytelling voice is wasted on this get-rich-quick scheme. Simultaneous release with the Wiley hardcover (Jan.)

Biography

Michael Masterson has developed a loyal following through his writings in Early to Rise (www.earlytorise.com), an e-newsletter published by Agora that mentors more than 400,000 success-oriented individuals to help them achieve their financial goals. Masterson has been making money for himself and others for almost for decades. In that time, he's only taken two breaks-each time for two years. The first was after a stint with the Peace Corps where he came to appreciate relative values and the joy of teaching. The second came at age thirty-nine, when he retired from the $100 million-plus business that he and his partner built. Over the course of his remarkably successful business career, Michael's been involved in the development of dozens of successful businesses, including two that grew beyond $100 million. At one time or another, he's owned and run companies that were public/private, onshore/overseas, local/international, service/product-oriented, retail/wholesale direct mail, and even profit/not for-for-profit. To subscribe to Michael Masterson's free thought-provoking e-newsletter, Early to Rise, just visit www.earlytorise.com.

Patrick F. McManus has written twelve books and two plays. There are nearly two million copies of his books in print, including his bestselling "They Shoot Canoes Don't They?"; "The Night The Bear Ate Goombaw"; and "A Fine and Pleasant Mystery," He divides his time between Spokane, Washington, and Idaho.
Read by Norman Dietz