Product Description

In Seven Years to Seven Figures, self-made millionaire and renowned wealth coach Michael Masterson reveals the steps you can take to accumulate seven-figure wealth within seven years—or less. Seven Years to Seven Figures will give you the tools to increase your income, get the highest possible returns on investments, save wisely—and secure your financial future faster than you may have ever dreamed.

Product Details

• Amazon Sales Rank: #409491 in Books
• Published on: 2006-10-06
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 247 pages

From Publishers Weekly
This is not the book for people who merely want to enjoy a comfortable retirement, but for those whose goal is nothing less than becoming fabulously wealthy. Masterson (Automatic Wealth) derides what he calls the "pinch-save-and-wait" philosophy of contributing the maximum to one's 401(k) and depending on compound interest and time to work their magic. Such tactics, he says, can take decades to bear fruit, whereas most of his clients are baby boomers who hope to realize astonishing gains in a few short years. The first part of the book is about "super-sizing" one's income to six-figure levels in order to free up money for investing in one's own businesses, and soaking up knowledge from mentors and bosses. The rest contains numerous stories of self-made millionaires (almost all from sales and direct marketing) along with Masterson's advice: invest in businesses you understand and, more importantly, can actually control; be entrepreneurial and a risk taker; never stop networking and selling yourself; invest heavily in real estate. Masterson's aggressive, gratingly self-promotional message is oddly out of synch with Dietz's gentle, avuncular, let's-chat-on-the-porch narration. Dietz's wonderful storytelling voice is wasted on this get-rich-quick scheme.
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From the Inside Flap
"Most popular books on money stress frugality and long-term savings," observes Michael Masterson, bestselling author of Automatic Wealth and Power and Persuasion. "But most people don't like to scrimp. And almost nobody is willing to wait forty years for compound interest to work its wonders."

And that's exactly why Masterson created Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire. It's the perfect book on getting rich for baby boomers who can't wait long and younger people who just don't want to.

Why seven years? Admittedly, when Masterson began working on the concept of accelerated wealth, he thought it might be unrealistic. But when he looked at how long it actually took him to make each of the million-dollar fortunes he's earned, he realized that none of them took longer than seven years. And the same turned out to be true for many other millionaires he knew.

In Seven Years to Seven Figures, this self-made millionaire and renowned wealth coach reveals the steps everyone can take to accumulate seven-figure wealth within seven years—or less. In it you'll find real-life stories of men and women who built (and even exceeded) a seven-figure net worth within this time frame. Masterson describes their paths to success and explains, step by step, how you can mirror their wealth-building techniques, including:

• How to cut your learning curve in half by finding a great mentor
• How to safely transition from your current job to a six-figure-plus career
• How to become invaluable to your company and turn your new role into equity
• How to find the superstars who will help maximize your business's profitability
• How to attract customers to your business . . . and keep them coming back for more
• How to create multiple streams of income to double, even triple your net worth
• How to drastically accelerate your returns by investing in real estate
• How to add at least twenty new powerplayer contacts to your Rolodex . . . this year

If you're willing to get up earlier, work harder, and start a business, Seven Years to Seven Figures will give you the tools to increase your income, get the highest possible returns, save wisely—and secure your financial future faster than you may have dreamed.

Remember, some of the people profiled in this book built up a seven-figure net worth after leaving low paying jobs, after struggling with credit card debt, even after filing for bankruptcy. If they can go from zero to millions in seven years or less, you can too.

From the Back Cover
Praise for Seven Years to Seven Figures

"When Michael Masterson gives advice, I pay attention, and you should too."
—John Mauldin, bestselling author of Bull's Eye Investing

In his latest book Seven Years to Seven Figures, bestselling author Michael Masterson lays out a compelling and workable plan for becoming financially independent in seven years—perhaps even sooner.

Whether you're a decade away from retirement and have barely saved a cent . . . or you're fresh out of college and don't want to scrimp and save for forty years, this book will show you . . .

• Why the much-touted "pinch-save-and-wait" method of wealth building just isn't workable for the vast majority of people
• The four levels of wealth and which one you should aim to achieve
• How to supercharge your career with a million dollar Rolodex
• Eight ways to create a second stream of income
• How investing in real estate can double, triple, or quadruple your net worth
• How to use the power of mentors to help you avoid common mistakes and create profitable shortcuts to success
• And much more!

In Seven Years to Seven Figures, Masterson expands upon the principles and expert advice he provides to hundreds of thousands of readers each morning in his online e-zine, Early to Rise. Read Seven Years to Seven Figures today . . . then get continuing up-to-the-minute advice in Michael Masterson's free daily e-zine afterwards. Five minutes each morning, and you're on your way to being a millionaire seven years from today!

Register for your complimentary Early to Rise subscription now at www.7Y7F.com

Customer Reviews

Somewhat motivational, but also somewhat annoying
The first few chapters of this book had my mind working overtime and I was feeling inspired. That was great. Then I started reading the section of the book (i.e. almost the entire book!) where they tell stories of how people made their millions. The farther along in the book I went the more annoyed I became because almost every story related to direct marketing and copywriting. What about the rest of us! Then I read in the table of contents that there is a chapter on how an accountant made millions. Finally! I am CPA. So with eagerness I read the chapter, only to throw it down in disgust one page later when the accountant began telling how he made his millions in copywriting. Thanks a lot. I don't want to be a copywriter or be in direct marketing. That is the reason for the 3 stars. The book did have useful information on how you won't become rich by being an employee, but this isn't news to me. So I guess the only real benefit I received from the book is a little motivation and I set the intention to be worth 4 million in 7 years. I really didn't need the book for that...

Disappointing for long time Agora/Reckoning Readers
If you are a subscriber to the free newsletter then this is nothing more than a lot of repackaged/repurposed content you have likely read-over and over and over. I purchased it [like everyone else] with the "bonus" offers [which were also lackluster and rehashed unlike many others in the past]. The most impressive thing about this book is the mini publicity stunt they are creating to push it to the number one spot.

Now, for specifics....there are few to none. It begins by a general "who is Masterson", talks about how great real estate is for the long term, why you need to make $150k per year or more, how much to save once you reach that level and then relates several stories of people who did just that in one form or another.

As other reviewers have already mentioned, the information on real estate is dated at best. Sure, they make mention of the fact that they don't promote buying right now but rather to take a long term approach and keep your eyes open for those great bargains [yeah-you and hundreds of millions more].

The other less than insightful points include making yourself an invaluable employee so that your boss will give you a raise and/or bonus etc to the six figure plus category. Build your own business is the next response...again, the numbers demonstrate the vast majority of wealth comes from real estate and owning your own business. It also demonstrates that owning your own business is a risky endeavor that often results in less total earnings than a full-time job. Of course, having a network of high profit friends in a niche industry can sure help but if you aren't one of those folks then don't expect it to be as easy as it sounds.

In fact, this is really more of a motivational 'rah rah' The majority of the book relates the stories of several people who "made it" in seven years. Big deal. For my money, I STRONGLY prefer the new $1,000,000 Blueprint magazine which features several interviews each month of people from all walks of life who created a thriving small business.

Having been a long time subscriber and general fan of both the Daily Reckoning and the Agora Publishing mini empire, this is one of the few times they have Failed to deliver anything of substance and very little of interest. The $15 price tag is probably still to high even with the crummy bonus offers [more rah-rah and fluff].

Give it a few weeks, this book will be on the discount bin and thousands of copies available starting for a penny!

Hey, if I'm correct then maybe Agora should consider hiring me...an obviously invaluable prospective employee who actually knows how to deliver!

Not great but some useful info
The book gives no great insights into making seven figures in seven years. In some respects the stories are of the lives of those who made seven figures in seven years are a bit too general. The entire book is a lot of very general information. There are some subtle and some not so subtle plugs for his newsletter, ETR. The newsletter is actually probably better than the book.

There was one omission that seemed rather startling. When he talks about how you would live on different income levels, there was specific mention of housing, transportation, utilities, upkeep, routine maintenance, food and household supplies. But nowhere was there a mention of insurance - for cars, health or life. That seemed to be a major oversight.

Some specific good advice, "Don't try to outsmart the markets." Even though he was talking about the stock markets, that is great advice for any market.

He also gave some great advice on how to relate to employees. Most entrepreneurs are "go to" or "get it done" type people. And they often do not allow their employees to grow because they are doing the work for them. He gives a good couple of pages of advice on how to get more out of your employees.

I have a lot of trouble with one particular sentence. Masterson writes, "And when our parents become old and feeble, we put them in state or private wards with other people's parents so they will not burden us." I find this offensive. There is a growing problem with the elderly today. Our ability to keep people alive has outrun society's ability to deal with an aging population. No doubt there are some who do not want to be burdened. But the vast majority of people I know with elderly parents are more concerned with providing the best possible quality of live for their parents. For many it is simply not possible to take care of them and the parents are not capable of taking care of themselves.