I, J. Money, only claim the thoughts from my head. I am NOT a professional finance'er, banker, CPA, or anything of that sort. Please seek a professional for any "real" advice. For more info, please check out my disclosure page. That is all - enjoy!

    Tuesday, May 20, 2008

    Book Review: A Million Bucks by 30

    a million bucks by 30BOOK: A Million Bucks by 30
    AUTHOR: Alan Corey
    SEXINESS: 17 (that's a lot)

    I think someone cloned me, and wrote a book! haha... well, in the writing style that is - I'm def. not as brave and/or close to reaching that $1Million mark! A very fun read though, nonetheless. I can say one thing, it def. won't be like any other financial books out there, that's for sure ;)

    Remember how I posted about my millionaire to-do list earlier? Well, think of this book as the final product of that, but with a totally different approach to it. Along with a healthy mix of adventure, and college spirit!

    That being said, I wouldn't say this is for everyone. While his stories and tips are pretty damn fascinating, it's definitely for a "younger" audience (think early 20's, 30's). I'm not sure the "mature" kind would allow for such humor and select curse words scattered about. But, then again, if you're even on my blog reading this, it might be exactly what you're looking for ;)

    Here's an excerpt from one of his "extreme cheapskate strategies":
    "Buy one pair of multipurpose shoes a year. Don't buy any others. If shoes make or break you with any business deal, date, or interview, believe me, unless it's a girl with a foot fetish, it isn't the shoes."
    Haha...see, totally funny! AND budget conscious. Without going too much into it, here are four key ingredients which helped him along his journey:
    1. He's frugal. And I'm not talking about a little here and there, i'm talking about hardcore frugalness. The king of Ramen, and the master of ghetto living - all in the name of saving $$$.
    2. He does his research. This is probably key #1 to his accomplishments, he doesn't do anything without consuming all he can on the subject.
    3. He buys real estate. Mainly to "flip" or to rent out as an investment. This is especially where #2 above comes in - if you know what you're doing, there's money to be made.
    4. He's extremely outgoing. If there's anything this guy has that sets him apart from all other wannabe millionaires out there - this is it. It takes a LOT of guts to do *most* of the things he talks about in this book, and there's no way it can be done w/ out this trait. Did I mention he's a self-proclaimed "Reality Whore"?
    To be honest, that's really the whole kit and caboodle. You mix that with some personal tips and a butt-load of crazy adventures, and you've got your self a nice little read here. And there's something to be said for the way he conveys his messages. He's actually a really intelligent guy (in case i've already scared you away):

    "I like to think that making a million dollars is like losing fifty pounds: Both
    provide new freedoms and options to the people who achieve these goals, but
    neither of these objectives can be achieved overnight...Just like there is no
    product that will help you lose twenty pounds in a week, the chances that you'll
    make a ton of cash overnight are pretty slim (so to speak)."
    He doesn't go too much into step by step processes such as The Automatic Milionaire, but it's definitely a great motivational read. And while I, personally, don't have the balls to follow through with such tenacity, i'd be lying if i said it didn't get me to revisit my game plan!

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    * You can buy the book here: A Million Bucks by 30
    * And you can check out other book reviews here: Book Reviews

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    7 Comments:

    Blogger change is a good thing said...

    Thanks for the info! I have just placed a hold request for this book at my library. I should be getting this in time to read it over the holiday weekend! Looking forward to it! :)

    May 20, 2008 2:54 PM  
    Anonymous Blake said...

    I love stuff written like this that's directed towards a younger crowd. It helps reassure me that there are other young people out there who aren't oblivious to personal finance! It does sound like a fun read, (love the shoe tip), and I'll definitely have to find the time to check it out. Thanks!

    May 20, 2008 5:07 PM  
    Blogger J. Savings said...

    Oh yeah - this is def. a FUN read :) And a pretty quick one too as the chapters are broken down easily, w/ a quick summary at the end of each one. Then you have the tips and strategies he plugs in here and there - there's a couple I wanted to show, but might not so PG ;)

    I think you guys will enjoy it - thx for stopping by!

    May 20, 2008 5:23 PM  
    Blogger MyMoneyAdventure said...

    I'm 1/3 thru automatic homeowner millionaire. So far, it's ehhhh. Hopefully it turns out good :)

    May 20, 2008 9:19 PM  
    Blogger Dolly Iris said...

    Good review! I'll have to check this one out!

    May 22, 2008 9:55 PM  
    Blogger no more spending said...

    I loved this book..really motivating and funny, and I'm over 40 :(

    May 23, 2008 5:29 AM  
    Blogger SavingDiva said...

    I also reviewed this book on my blog, and I loved it!

    May 23, 2008 10:05 AM  

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