I read Automatic Wealth by Michael Masterson on Kindle, but you may choose to read it in another format. Either way, my thoughts on the book remain true. lol
Who Should Read This Book?
Anyone that wants to improve their financial well-being and is willing to work for it should read this book.
Why Read This Book?
Learn concrete strategies for building wealth and financial freedom in less than 40 years and closer to 7 to 15 years instead.
My Biggest Takeaways from the Book
I have to tell you that some of the book is a little dry because of its matter of fact how-to information, BUT if you can read through those parts, you will come out much wiser on wealth strategies.
- Starting a side business isn’t as risky as people make it seem. – In the book, I love how he breaks down how to start a side business with very little risk. You hear about 80% of small businesses failing, and he explains why that is in the book and how to avoid it. I love that!
- Money can be made from smart real estate investments in various ways. – I thought there was basically one way to make money with real estate by fixing and flipping the properties, but he goes into further information about how to cash in on real estate in every market.
- You don’t want to retire fully. – I can tell you that this is so true. At 24 and 25, my husband and I semi-retired and were not only bored out of our minds but were also unfulfilled.
There are many other great points with this book, but you’ll have to dig in yourself to find them. 😉