Book Review: Automatic Wealth

Amazon.com: Automatic Wealth

Automatic Wealth: The Six Steps to Financial Independence
by Michael Masterson

If you're worried about getting burned by financial programs that promise you'll get rich quick—through unlikely stock tips or high-risk trading strategies—and don't have the patience to invest in a savings plan that takes thirty or forty years to take advantage of the "miracle of compound interest," then you've picked up the right book.

In Automatic Wealth, self-made millionaire Michael Masterson draws upon his own experience and that of experts in the fields of retirement, investing, and real estate to offer you a complete program on achieving financial independence. Organized around six key principles, Automatic Wealth will show you how to develop your wealth- building skills and habits and turn yourself into an "automatic wealth-builder."

The proven program detailed throughout this book—one which incorporates nothing but strategies that have personally worked for Masterson as well as the people he's mentored—is broken down into six easy steps:

Facing the Facts
Here you'll discover what wealth means to you and come to a realistic conclusion about what you need to do to put yourself on a path that will allow you to live well and retire comfortably.

Plan to Become Wealthy
Offers simple, straightforward advice that will prepare you for your journey.

Develop Wealthy Habits
Illustrates how the right mind-set can translate into more money.

Radically Increase Your Income
Provides the framework for making the money you want through real estate, investing, and other proven financial vehicles.

Get Richer While You Sleep
Reveals the best ways to create a steady stream of income that will automatically flow into your pocket.

Retire Early
Explores proven approaches to wealth building that will allow you to retire sooner than you might have expected and still live comfortably throughout your retirement years.

Automatic Wealth follows a well-conceived plan that focuses on building income and equity simultaneously. Filled with in-depth insight and practical advice, this unique guide offers specific steps—including how to develop wealth-building habits now and how to develop a three- to fifteen-year plan to reach millionaire status—that will help you live a more fulfilling financial life.

Praise for Automatic Wealth

"I have known Michael for over twenty years. He has one of the smartest business minds I know. When he gives me advice, I pay attention, and you should, too. Automatic Wealth is full of wisdom and insight filtered by a master and brought to you in a well-written and delightful style."
—John Mauldin, author of the bestselling book, Bull's Eye Investing: Targeting Real Returns in a Smoke and Mirrors Market

"I am not usually a fan of this kind of book. One entitled 'Automatic Wealth' made me suspicious. But I am a fan of Michael Masterson and when I read the book I was impressed. Masterson manages to go beyond the theory to tell you exactly how real people make real money in the real world. That, I think, is his genius. He's able to open his own eyes and see for himself what actually works. The result is original, clever, and very helpful to anyone who is serious about building wealth."
–Bill Bonner, coauthor of Financial Reckoning Day: Surviving the Soft Depression of the 21st Century

"Michael Masterson has been a great friend of mine for over twenty years. I know for a fact that the strategy he teaches is the exact same strategy he has personally used to amass extraordinary wealth and prosperity for himself. He's reduced a normally daunting process down to six simple and unfailing steps YOU can absolutely use to vastly and rapidly increase your financial situation, often times doubling and redoubling your wealth every few years. This book will become your financial bible."
—Jay Abraham, author of Getting Everything You Can Out of All You've Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition

"Michael Masterson's book is brilliant and concise, packed with breakthrough insights and unique wealth-building tips. Best of all, it's practical because it combines proven investment and financial planning advice with street-smart business and real estate secrets."
—Robert Ringer, author of Action!, Looking Out for #1, and To Be or Not to Be Intimidated?

About the Author

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 or others for almost four 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 39, 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 has 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-profit.

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Amazon.com: Automatic Wealth