Automatic Wealth for Grads... and Anyone Else Just Starting Out | 
 enlarge | Author: Michael Masterson
Creator: Mark Skousen
Publisher: Wiley
Category: Book
List Price: $22.95
Buy Used: $6.39
You Save: $16.56 (72%)
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Avg. Customer Rating:  44 reviews
Sales Rank: 125691
Media: Hardcover
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 0.8
Dimensions (in): 8.7 x 5.7 x 1.1
ISBN: 0471786764
Dewey Decimal Number: 332.02401
EAN: 9780471786764
ASIN: 0471786764
Publication Date: March 31, 2006
Availability: Usually ships in 1-2 business days
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Product Description
"Michael Masterson has personally helped more people achieve financial independence than anyone else I know. He has been a valuable mentor in my own life. Michael's credentials go far beyond the fact that he is an extremely successful businessman. (There are thousands of those.) He has a unique gift for discerning—and explaining in easily accessible terms—what it really takes to succeed. Automatic Wealth for Grads will give any young person a tremendous headstart for achieving their financial and professional goals at a very young age."
—Justin Ford, author of Seeds of Wealth: An Incredible Wealth-Building Plan for Your Children and Editor of Main Street Millionaire "Only time will tell whether you will have the guts and honor to follow Masterson's masterful plan. Good luck!"
—From the foreword by Mark Skousen, Adjunct Professor, Columbia University, 2004-05 and Benjamin Franklin Chair of Management, Grantham University Organized around proven wealth-creating principles, this invaluable guide reveals powerful techniques and strategies that have personally worked for Michael Masterson as well as for the many people he's helped become wealthy and successful. Filled with in-depth insights and practical advice, Automatic Wealth for Grads will show you how to: - Choose a great career, get your first job, and rise to the top of your field
- Continuously increase your income on a fast-track basis, and get the biggest raises of your life
- Profit from the real estate market—even in today's uncertain market
- Start or gain equity in a business that will provide an automatic future income stream
- Invest in the stock market, save money on taxes, make purchases that appreciate, reduce your credit costs, and achieve financial independence while you are still young enough to enjoy your money
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| Customer Reviews: Read 39 more reviews...
 Great tips on working your way up in the business world March 24, 2008
This book offers some very good, practical advice.
The first chapter alone about Compound Interest is worth the price of the book. This is very valuable advice every young person must know. Even if one chooses to be a 9-5 worker the rest of his/her life, investing in a 401(k) and letting compund interest do its thing can still make that person a multi-millionaire. And of course the other chapters are for those who wish to become millionaire's, or at least wealthy, before the typical retirement age.
Included are tips on: How to work your way up the company ladder (hard work, humility, cooperation), how to pick the right profession for you, and the profession where you stand the best chance of making money, the advantages and practicality of starting your own business, investing in real estate, investing in the stock market, and finally how to enjoy your money. While some chapters may be more useful for some than others, everyone can find at least a few things that will greatly increase his/her chances of acquiring wealth.
Not Just for College Graduates November 20, 2007
0 out of 2 found this review helpful
I wish I hadn't waited until ten years after graduating from college to read this book. He makes understanding how to navigate the stock market a lot easier than your economics professor did! I would definitely recommend this book to college graduates and people who have been out of school for several years. You don't need to have a college degree to get a benefit from this book either. His personal experiences make the book interesting and fun to read.
Anne Brown
Author of Grad to Great
Grad to Great
Great Primer to Educate and Motivate Youth! September 11, 2007
3 out of 5 found this review helpful
This book would make an outstanding gift for any forward thinking teen, young adult graduating high school or college, or even an older person who is ready to take action toward financial independence.
Masterson speaks from his experience in building his own wealth and helping thousands of others along the way. In order to super charge your income and accumulate wealth, you have to find a way to set yourself apart and become a major contributor to the bottom line. This means, if you work for another company, you will most quickly move ahead by directly impacting profits (sales, marketing, product creation, profit management). These profit-making types of positions come with increased risks and challenges, and Masterson provides practical advice for powering through these. Another great tool book for high productivity and adding value to whatever you do is Dave Lakhani's "The Power of an Hour".
My husband and I both have walked the path Masterson sets forth to owning your own businesses. We openly share with our kids both the challenges and rewards of these choices and they already are expressing an interest in running their own companies along the lines of their individual interests. How exciting to be living in a time and place where this is more possible than ever.
Use this book to help educate your children about investing, the power of compounding interest (start early!), choosing a rewarding career, maximizing your value and income, and keeping your wealth building in perspective while creating an enjoyable life. Creating a rich life is not all about money and it's nice to see Masterson included this point in his book.
Schools rarely teach the important topics covered in this book so it's even more imperative that parents and caring adults do (think nieces, nephews, babysitters, lawn care helpers, student leaders and others). Buy a copy of this book and share it with the young adults in your life. It would not surprise me if, regardless of your own stage of life, you find yourself perusing it before giving and come back for a copy of your own.
Mollie Marti
Author, Selling: Powerful New Strategies for Sales Success
Fresh Look at Old Principles January 23, 2007
1 out of 2 found this review helpful
There are a number of wealth-building books out there for a variety of wealth-building individuals. This book is tailored for young men and women, who are entering the workforce or are still in college, and want to start building their fortune now. Masterson uses his direct experience to convey time-honored principles of managing and improving your personal finances, while introducing the concept of intra-preneuring as a way to learn the fine art of selling tied directly to the company's profits, so as you make more for the company, you receive more as well.
If you are young and ready to start making money, this is a great book for those willing to take action.
A Great Strategy that Works! October 26, 2006
2 out of 2 found this review helpful
Masterson offers listeners concrete steps in how to turn their experiences and skill sets into real wealth in the shortest amount of time. It's an audio book well worth listening to as it's filled with unique tips, practical advice and a get rich strategy that works!
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