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Product Details

  • Paperback: 248 pages
  • Publisher: Wiley; 1 edition (June 16 2008)
  • Language: English
  • ISBN-10: 0470267550
  • ISBN-13: 978-0470267554
  • Product Dimensions: 15.2 x 1.5 x 22.9 cm
  • Shipping Weight: 299 g
  • Average Customer Review: 3.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #371,204 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

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. --This text refers to the Audio CD edition.

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.

--This text refers to the Hardcover edition.

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Format: Hardcover
Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire by Michael Masterson is a program, anyone who is contemplating a new enterprise or business start-up, or is already in business for themselves should read. It will enable you to look at your life, attributes, and habits in a refreshing new way. I was delighted to discover that You, too, have a number of the traits and qualities that many who are successful in business possess, which you may not have realized. After reading Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire you'll be excited to apply the principles that were presented in Michael Masterson's new book to your business ventures.

One of the ideas Masterson talks about is that it is almost impossible to understand how a business really works from the outside. The important secrets -- about sales and marketing, especially -- have to be learned from the inside. This is a wonderful guide to help secure your financial freedom. I gave it a four, because this book will not appeal to everyone. But given the chance, you'll discover a tool of tremendous benefits -- And, Michael Masterson personal insights and suggestions will be helpful and inspiring.
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Format: Paperback Verified Purchase
It seems that the entire book is about copywriting! Hardly applicable to most people who wants to change their circumstances.
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By Richard V, Goodwin on May 13 2015
Format: Hardcover Verified Purchase
Good discipline.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 81 reviews
120 of 127 people found the following review helpful
Somewhat motivational, but also somewhat annoying Nov. 24 2006
By Designing Dancer - Published on Amazon.com
Format: Hardcover Verified Purchase
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...
92 of 102 people found the following review helpful
Disappointing for long time Agora/Reckoning Readers Oct. 12 2006
By AmazonJavaJunki - Published on Amazon.com
Format: Hardcover Verified Purchase
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!
41 of 43 people found the following review helpful
This book is one long sales letter for the author's company Oct. 29 2006
By C.C. - Published on Amazon.com
Format: Hardcover
I just finished reading "Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire." The book's framework consists of 8 success stories from people who have reached 7 figures in 7 yeasr or less. And from the stories, you're supposed to take away lessons that will help you accomplish the same. Although it only took me 2 days to read the book, I can save you even more time. Just read the "AFTERWORD" section, which is only 5 pages, and you have everything in the book you're supposed to learn. It's a succinct summary of the whole book.

There's nothing new here, no great insight. How to become wealthy? Make a plan, work hard, and follow through. How to become wealthy quickly? Either get a high income job or start your own business AND invest in real estate. THAT, is the gist of the book right there.

Another thing that bothered me about the book is the author's constant promotion of his company and related products. The whole book is one long sales letter advertising his e-zine company and info products & programs disguised as a book. The 8 success stories are akin to the "testimonials" you see online everyday touting info products, with one of the success stories actually going into detail about a copywriting program the author's company regularly promotes. (I know this because I am a subscriber to his free e-zine.)

I agree with a previous reviewer who said that the motivation for writing this book was undertaken purely to increase the author's wealth and popularity by putting the proceeds of sales in THEIR bank accounts. This book was definitely more fluff than substance. Save your money.
60 of 69 people found the following review helpful
Common Sense! Dec 6 2006
By Jeffrey Pigott - Published on Amazon.com
Format: Hardcover
I was very interested in reading this book from the title and the book flap, however, after plunking down money and reading it in all of about a day and a half (reading sparadically), I found it to be very disappointing.

You want to save money on this book? I have two suggestions - buy my used one, or read the highlights in a bookstore. It won't take you very long to get message.

In case you don't want to follow either of those suggestions, here is a quick summary: to make 7 figures in 7 years, make a HUGE income, then invest it in real estate, the stock market, or start your own business. DUH! And if you are really lucky, you can succeed like one of the eight case studies in the book. There is nothing here to show you how to do it!
58 of 67 people found the following review helpful
7 years of double-overtime in a plateau market Oct. 12 2006
By Jamie Beu - Published on Amazon.com
Format: Hardcover
Unfortunately, this book, like "Rich Dad, Poor Dad" is meant as a motivational tool (usually by multi-level marketing and pyramid scheme pushers) - it provides a lot of "Rah, rah! You can do it!" at the expense of giving any details of the realities of making money.

G. K. Chesterton said, "To be smart enough to get all that money you must be dull enough to want it." Dull is exactly what one would become, if they follow the advice of this (and other like-written books). The reality is that, more likely than not, in order to build immense wealth, one must spend a substantial amount of time away from family and friends - not just the standard 8 hrs + driving time, but 12-16 hrs each day. Even time spent at home would be consumed with looking for prospects and future clients, at the expense of your loved ones.

The other negative about this book involves a bit of bad timing - the real estate market, so touted in this book, has (at best) plateaued for the time being. Do not expect a rebound in real estate for a while - just long enough for all those short-term adjustable-rate mortgages and low-/no-interest loans to come due or have their terms shift dramatically. Really, the only future in real estate is in picking up the foreclosures of all those who speculated and lost their savings and credit ratings due to ill-advised ARMs.

If you want to see the future of this book's lessons, see the bond market books of the 1980s or the tech stock books of the late 1990s.

Too little real info and too late for the market. There's a reason the old maxim, "Slow and steady wins the race," is still quoted today - 99.98% of the time, it is true.


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