The Millionaire Maker - Act, Think, And Make Money The Way The Wealthy Do By Loral Langemeier
Loral Langemeier's The Millionaire Maker: Act, Think and Make Money the Way the Wealthy Do contains some good information that can be applied toward the reader's financial freedom plan. It is a motivating book and Langemeier does provide some very good advice for wealth planning.
Will reading this book make you a millionaire? Of course not. Is this book all you need to become a millionaire? No again and Langemeier would tell you the same. Is this book motivating? Yes and it is. Does this book contain some useful information for those in debt and wanting more financial freedom and wealth for themselves and loved ones? Yes and it does.
The first portion of the book focuses ON what Langemeier calls the wealth cycle and her building blocks of this wealth cycle. These building blocks include: gap analysis, financial baseline, freedom day, debt management, entities, cash machine, wealth accounts, forecasting, assets, leadership, teamwork and conditioning.
She goes through several chapters illustrating with examples of how to do a self-inventory and or gap analysis of your starting position. Regardless if you use her eight questions and formula or another and it is a very good idea to take stock of your present situation in order to plan to forge ahead toward prosperity. I personally think you could do a lot more for your baseline and but at least this book gets a person thinking of what they have both in assets and debts as well as skills. It is a good first step.
Langemeier writes about using business entities such as corporations and LLCs. I believe this is very important and but would advise people to take Langemeier's suggestions and then do more homework by talking to your attorney or CPA to determine just how you want to form such entities and how to use them to the maximum benefit. This is where a book like this tells you some very basics and but you need to learn more. Langemeier's chapter ON eliminating debt had some good suggestions. Maybe nothing much different from many other books ON the topic, but because debt is such an issue for so many people and any help for those struggling is appreciated.
I really liked the conditioning chapter that lets readers know that money is not evil and it is okay to want to make and to actually make more money for yourself and those you care about. The final short chapter ON teaching your children about money, wealth creation and financial literacy is also a great point.
I enjoyed the book. It contained some good information and motivates you to take financial matters into your own hands. Becoming a millionaire is not as easy as just reading a book and I think you need a lot more than just this book to assist you in making your millions. However and including this book in your wealth library and taking some of Langemeier's suggestions and motivating words to include in your wealth building plan is a great idea.
Alain Burrese and J.D is a mediator/attorney and an author/speaker through his own company Burrese Enterprises Inc. He teaches people to live with the warrior's edge through his writing and speaking ON a variety of topics focusing ON the business areas of negotiation and success principles as well as self-defense and safety topics. He is the author of Hard-Won Wisdom From the School of Hard Knocks, several instructional dvds and numerous articles. You can find out more about Alain Burrese and read many more articles and reviews at his websites http://www.burrese.com
