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He isn't proposing that everyone can be rich. Have you read the book? He's proposing that 1. If you don't think it is possible for you, it will never be. 2. G
by Infinitesimus 13y ago
He isn't proposing that everyone can be rich. Have you read the book?
He's proposing that
1. If you don't think it is possible for you, it will never be.
2. Getting rich (financially) requires a LOT of hard work
On the subject of saving and investing wisely, he reminds the readers that investment works on compound interest. It is good to invest, but the more you put in, the more you get in return and it is a pretty slow process.
It is good to be smart with money and invest wisely, but without high risk, there would be little high reward.
It seems like a lot of people are dismissing the book without looking at the contents of it... (sort of brought it on himself with the title)
Also, the book is NOT saying getting money is the end-all. He emphasizes the important of health, family and freedom (which may or may not mean money for people)
- squintychino 13y agoHe hasn't. He probably skimmed the title and started writing his post then and there.
- luxpir 13y agoOK - my last comment on this - the book has wasted enough time already... For my sins, I read it. And it was painful. But he doesn't say what you remember he did. You took away the wrong message. He belittles the 'slowlane' approach of building up wealth through compound interest, encouraging you to build a business that scales first (then look at compound interest to consolidate). Much of what he says makes sense, if not completely obvious, it's just the endless fluff and ego I couldn't stand. If the guy used normal language, had it edited well [1], didn't impose his ego everywhere through misogyny, dubious self-anecdotes, a continuous stream of prententious and laughable 'Laws' and didn't have a complete lack of self-awareness that he might have just got lucky in the dotcom boom, not overlooking his respectable work learning to code for his own golden-ticket website (a limo hire business), then I might have appreciated the book. But then, that's a different book. I've nothing against the guy, I can see he's charismatic in a way and probably attracts the young and naive in droves, but I just don't think it's the healthiest of outlooks on life and encourages the hero-syndrome of the self-obsessed, rather than the respectable achievements of the generous and giving. I've only ever written one other bad review, for a speed reading book [2], and it tried the same trick: all fluff and no substance. It probably says more about me that I keep checking these books out 'just in case' they have some useful insight. They rarely do. -- [1] It's obviously more of a pleasure to read something that has been made with care, and not full of this kind of awkward phrasing: "I don't espouse my world vision on them" (first example I could find). [2] http://www.amazon.co.uk/review/R29N3MVZ18NRUH http://www.amazon.co.uk/review/R29N3MVZ18NRUH
- roostin 13y agoCreated account on HN to chime in, I support everything you said. I posted similar comment in r/Entrepreneur, where the book/review is also making rounds today. My comment on reddit was the first time I've ever been motivated to do a negative book review, kudos to the book I guess... You and I must be fighting the same war of principles. http://www.reddit.com/r/Entrepreneur/comments/21bghh/notes_from_the_millionaire_fastlane/ http://www.reddit.com/r/Entrepreneur/comments/21bghh/notes_f...