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Eight Steps to Seven Figures : The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too
Eight Steps to Seven Figures The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too
Author: Charles Carlson
In the tradition of the megabestseller The Millionaire Next Door, Eight Steps to Seven Figures brings together in-depth interviews with over two hundred everyday people whose investments have made them millionaires. But while The Millionaire Next Door describes its subjects' lifestyles and spending habits, Eight Steps to ...  more » focuses squarely on the investing strategies and principles that ordinary people have used to achieve the magic million-dollar mark.

Bestselling author and chartered financial analyst (CFA) Charles Carlson reveals the keys used by the newly wealthy to reap extraordinary dividends, including a discussion of the specific stocks, bonds, and other financial vehicles they choose as part of their investment mix. In the course of the book, readers learn how to determine how much time they need to spend researching and watching over their portfolios, when to buy, and equally important, when to sell. From hundreds of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to become financially worry-free. Among the lessons he outlines and elaborates on:

"Buy and Hold and Buy and Hold and Buy and Hold"--Harness the power of time in growing your portfolio and compounding your investment returns.

"Know Where You Are Going"--Determine your invest        ment time frame, financial goals, and risk "comfort" level to put together a successful wealth-building strategy.

"Play to Your Strengths"--Everyone has different personality strengths, investment advantages, and specialized knowledge that they bring to the table; recognize and exploit them in achieving your financial goals.

One of the best things about Carlson's book is that it recognizes and allows for readers who may not have the resources to follow all eight rules. It offers reassurance and hope that there is more than one way to achieve the seven-figure pinnacle. Even people who started investing later in life, and can't fully harness the power of time, can find here the guidance they need to become wealthy.

Filled with the insights and investment advice that hundreds of everyday people have followed to become rich, and buttressed with countless you-are-there stories of how these millionaires did it, Eight Steps to Seven Figures is an absolute must for today's investors.

Bestselling author and chartered financial analyst (CFA) Charles Carlson reveals the keys used by the newly wealthy to reap extraordinary dividends, including a discussion of the specific stocks, bonds, and other financial vehicles they chose as part of their investment mix. In the course of the book, readers learn how much time they need to spend researching and watching over their portfolios, when to buy, and equally important, when to sell. From hundreds of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to become financially worry-free.

One of the best things about Carlson's book is that it recognizes and allows for readers who may not have the resources to follow all eight rules. It offers reassurance and hope that there is more than one way to achieve the seven-figure pinnacle. Even people who started investing later in life and can't fully harness the power of time still can find the guidance they need to become wealthy.

Filled with the insights and investment advice that hundreds of everyday people have followed to become rich, and buttressed with countless you-are-there stories of how these millionaires did it, EIGHT STEPS TO SEVEN FIGURES is an absolute must for today's investors.-->
ISBN-13: 9780385497312
ISBN-10: 0385497318
Publication Date: 3/14/2000
Pages: 336
Rating:
  • Currently 3.5/5 Stars.
 1
3.5 stars, based on 1 rating
Publisher: Currency
Book Type: Hardcover
Other Versions: Paperback
Members Wishing: 1
Reviews: Member | Amazon | Write a Review

Top Member Book Reviews

 reviewed Eight Steps to Seven Figures : The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too on
Helpful Score: 1
I have read several personal finance and investing books. This was not the best. The author advocates stock-only investing way too much. The book was written in 2000, before the collapse in 2001 and 2008. I can only imagine that his views would be different today. I also think that many of the investors he details who were holding 70-100% in equities are no longer millionaires today because they would have lost half their portfolio. The eight steps he details are pretty common in the personal investment world. There are many other books out there that offer far more relevant and reliable information.
Read All 1 Book Reviews of "Eight Steps to Seven Figures The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too"


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