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: #169570 in Books
• Published on: 2006-10-06
• 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.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From AudioFile
A publishing entrepreneur, writer, and businessman states that all it takes to build a million-dollar net worth is to work hard at a good job, start a business on the side, and invest wisely. He conveys a broad can-do focus that reaches beyond money matters into the realms of health and fitness, individual growth, and social ideals. Eight success stories illustrate how people, some in impossible financial condition, parlayed their day jobs and side businesses into significant net worth. The author seems blissfully unaware of the tone of arrogance in his writing. To make matters worse, Norman Dietz's slow enunciation and over-the-top emotional emphasis detract from this how-to audio lesson. T.W. © AudioFile 2007, Portland, Maine-- Copyright © AudioFile, Portland, Maine

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.

Customer Reviews

Masterful rip off - watch out
I bought this with a sense of excitement. One of the previous reviewers noted that the only person capable of generating seven figures in seven years is the author. Too true and this book is just a load of fluff - and it will be the last Masterson book I will ever buy! Read on to discover why!

The one thing I found stimulating/original is his descriptor of what it would be like to have an income of one million dollars per annum, 2.5 million, 5.5 million, etc. This provided some nice material for budgeting fantasies.

Michael Masterson blows all his cover in first three paragraphs of his Acknowledgments. We all expect to benefit from Masterson's personal insights, his pet strategies and a thrilling adventure on how basically anyone can make literally millions quickly. Sadly he was so busy marketing himself that he left the real work to all his side-kicks. "I want to thank SR, an extremely bright and capable young woman who worked as my assistant on this book. S did a good deal of the research and all of the interviews" (quoted from Acknowledgements page v). Seeing as about 90% of the book consists of interviews, it would be more morally competent to accredit SR as the author, though this bright young spark is not mentioned on the cover.This leaves us with 17 pages of masterful marketing by his nibs and a final marketing wrap up by his nibs again, a mere 10 pages.

Masterson finds space to plug his e-zine Early to Rise (which is better than the book) regularly. In fact he also lavishes praise on his editorial director, CB, who helped him "identify which of the many ideas I wrote down were important and worth keeping" (page v).

His trusted editor trimmed and polished the lot (also page v). In the end one wonders whether Masterson spent more than a few hours tossing out this 'best seller' which has doubtlessly helped 'millions worldwide to achieve untold wealth' bla bla (you know the hype).

The real insult to readers emerged when I had the misfortune to read Masterson's response to an enthusiastic reader query in the above-mentioned e-zine. The reader wanted to know what guru Masterson's current goals were. Watch out folks - he is currently writing six more books - wait for it - SIMULTANEOUSLY. Sounds impressive doesn't it. Now that I have uncovered his recipe, i.e. delegate everything, the goal becomes easily attainable.

This is one book I won't even recycle back to Amazon.
Buyer beware.

A waste of my time
I have read the book. Let's get that out of the way first.
It's full of ideas and fluff, but really no substance. Get the boss to give you equity in the company by being a really hard worker. Calculate how much you'll need to live the lifestyle you want. Save up to 50% of your gross income. Invest in business ventures, stocks, and real estate.

That's it. There are 8 case studies about what other's have done, but there's no MEAT only fluff.

There's also more than just a little bragging and it really turns me off.

I have better things to do with my time. Thumbs down.

You will be inspired, and it takes work to succeed.
One of the differences you will find in this book that is not typical of other success books, is it is not a Get Rich Quick book. It is more of a philosophical mindset approach to the topic, and a desire to show you that getting to seven figures is doable.

You are given a high level grounding, and then introduced to several case studies of people who have taken various paths to their seven figures. These vary from real estate, to supplement sales, to copywriting.

If you are looking for a feel-good approach then you may want to look elsewhere. If on the other hand you are looking for something to motivate you to buckle down and get going before another seven years passes you by, then you should consider reading this book.

Cheers!