Free Wealth Secrets Of The One Percent: A Modern Manual To Getting Marvelously, Obscenely Rich Ebooks To Download
Discover how the superwealthy made it to the top (and you can too!)From the richest Romans to the robber barons to today's bankers and tech billionaires, Sam Wilkin offers Freakonomics-esque insights into what it really takes to make a fortune. These stories of larger-than-life characters, strategies, and sacrifices reveal how the wealthiest did it, usually by a passion for finding loopholes, working around bureaucratic systems, and creating obstacles to competitors.WEALTH SECRETS OF THE ONE PERCENT gets at the heart of our feelings about the 1% of top income earners and the roughly 0.0001% who achieve billionaire status: we love to hate them, but we'd love to be them. Wilkin's insight into the sources of wealth is thought-provoking and rigorous, and he reveals that behind almost every great fortune is a "wealth secret"--a moneymaking technique designed to defeat the forces of market competition.
Hardcover: 432 pages
Publisher: Little, Brown and Company (August 4, 2015)
Language: English
ISBN-10: 0316378933
ISBN-13: 978-0316378932
Product Dimensions: 6.5 x 1.5 x 9.5 inches
Shipping Weight: 1.4 pounds (View shipping rates and policies)
Average Customer Review: 4.1 out of 5 stars See all reviews (18 customer reviews)
Best Sellers Rank: #271,193 in Books (See Top 100 in Books) #70 in Books > Business & Money > Finance > Wealth Management #584 in Books > Business & Money > Personal Finance > Budgeting & Money Management #765 in Books > Business & Money > Investing > Introduction
This book promises to take a realistic look at what makes people rich. "Those get rich quick books don't teach you how to become a Mexican telecom mogul," the promotions for this book stated (and which is what intrigued me).While the premise for this book is well intentioned the author forgets a key rule of writing: BLUF (Bottom Line Up Front). The reader is dragged through chapter after chapter of history and stories, from ancient Romans to robber barrons, while the "wealth secrets" are only distilled in the last chapter. The pledge he promises in the title (the "wealth secrets") are randomly interspersed in each chapter, and never organized until the last one. This lack of follow-through dampens whatever interesting history might be in these pages.Herein are the "Seven Secrets of Spectacularly Rich People" as Wilkins summarizes in the chapter 7. I recommend saving your money, as in spite of the verbosity of the book, these "secrets" are really quite simple:1. "Secret #1: Don't be the best. Be the only." This is the key theme of the book. Secure a monopoly on an industry and you will make lots of money.2. "Secret #2: Bigger is still better." Make your business scalable. Bigger businesses still make more money.3. "Secret #3: The worst place to do business is really the best." Third world countries and developing markets allow business owners to exploit lax regulation or leverage politics for their own gain.4. "Secret #4: When lenders can't lose, you win." Not sure what this lesson was about, sorry. The story became too muddled here for my liking.5. "Secret #5: You've got own it baby, own it." Owning your own company is good?6.
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