Marcus Arce gives advice on how to build personal wealth and achieve
financial independence regardless of how late one starts or how poor one
is to begin with.
This advice does not come in
the shape of complicated formulas or lengthy explanations of how the
stock market works, but it is very simple; nobody needs a degree in
Economics to understand the realistic plan laid out
and tested by the author himself.
He has first-hand experience with
building wealth from zero – actually, less than zero – because he was 35
years old and 50k US-$ in debt when he started to change his way of
dealing with money. It took him 15 years to get
to his first million, he claims, and there were no dirty tricks or
criminal activities involved, no lottery win or inheritance came his
way.
Originally from a humble
background (his parents were Mexican immigrants, working very hard for
very little money), he has not forgotten how unlikely it seems for the
average person to achieve such a goal.
The material is not presented
at its best; there are many typos (as I have come to expect from many
free ebooks). But it is short and, in a way, interesting enough, even if
you (like me) do not plan on getting rich anytime
soon. The book provided some distraction on my otherwise monotonous
trips to and from work, and therefore, it was not a waste of time.
I've never really had the mental energy to aim for anything other than an adequate income. I wonder how I'd been if I was young again. The world is so different now: no more final salary pensions.
ReplyDeleteI am not really ambitious in that field, either; as long as I do not have to worry about how I am going to pay for my next meal, or where next month's morgage payment is going to come from, plus I have some extra money to spend on nice things such as a new dress every now and then or a meal out with friends, I'm fine.
DeleteHello! I am the author. Thank you for taking the time to both read the book and write a review. I sincerely appreciate it and will take your comment for action (I will re-edit the text).
ReplyDeleteMy point in writing the book was to simply point out that anyone can repeat my level of success (modest...a million bucks ain't what it used to be!) because I had none of the obvious advantages. All it takes is a workable, realistic plan and I provide one such plan in the book -- a plan that I know for a fact works because it worked for me and others in my own family (my multimillionaire brother, for example, used the same plan).
Note to GB: I was never all that ambitious in this regard, myself. But when I hit the financial rock-bottom in my thirties, I knew something had to change.
At that age, you are able to see further into the future and what I saw, quite frankly, scared me. I knew I had to get my financial house in order. I did not want to count on Social Security alone later in life. So I went to work to learn how to manage my income for the outcome I wanted and so I did. Fear, in lieu of wisdom, is a powerful motivator; or, at least, it was in my case!
Again...to the blog author: Thank you for reading my book and reviewing it.
Hello Mr. Arce,
DeleteThank you very much for taking the time to stop by my blog, read my review and comment on it! I feel most honoured every time an author decides to leave a comment here.
I understood your point in writing the book very well, I think. Speaking from one's own personal experience is always the best base for good advice. What worked for you, in spite of the background you have, should definitely be workable for others as well, if they really want it and apply themselves to it.
Some of the things you explain in the book were also put there in much simpler words than other explanations I had read elsewhere before, and found a little too complicated.
Again, thank you. Live long and keep prospering :-)