The Five Lessons a Millionaire Taught Me

The Five Lessons a Millionaire Taught Me About Life and Wealth

Author: Richard Paul Evans

Publisher: Fireside, Simon & Schuster

ISBN: 0743287005

URL: www.thefivelessons.com


I received a copy of the book via the publisher’s marketing department, whom I must commend for sending the book at such lighting fast speed. Thanks again for the book.

Before “The Five Lessons,” the only work I’ve read by Richard Paul Evans was his first book, “The Christmas Box” – a pretty good book and like many people I enjoyed it. As Richard Paul is a writer of inspirational and moral stories (mostly Christian themed), it was a bit interesting to see him write a book on the subject of money.

“The Five Lessons” is pretty short, at about 133 pages (24 of those forms), it’s a pretty quick read. The actual length of the book is at about 100 pages, with about 10 pages of resources & tips. I enjoy a long, entertaining novel as much as the next guy, but if someone is going to drill some important points to me, they better do it fast, sweet, and to the point. “The Five Lessons” did a pretty good job at that.

I’m not sure if these qualifies as spoilers, but here are the Five Lessons:

1. Decide to Be Wealth
2. Take Responsibility for Your Money
3. Keep a Portion of Everything You Earn
4. Win in the Margins
5. Give Back

The author divides each of the lessons as chapters, and smoothly lays out the topic to the reader. Each lesson is accompanied by decent stories to entertain, and mostly good examples to support and help explain lessons further.

“The Five Lessons” certainly doesn’t present anything new in the categories of money book (nor does it claim to), but if it was the first “money book” you’ve ever read, it’ll be a good choice – especially for those new to the genre. It covers many of the basic concepts in achieving financial independence: mentality of choices, control of cash flow, saving and investing, and wise purchasing decisions. All in a small 133 pages package. Not too shabby.

For those of us that have read many money books, it would be a good reminder. Many parts of the book reads like “The Millionaire Next Door,” emphasizing the fact that average people with average income can become millionaires with careful spending, saving, and investing methods.

Some of the examples given in the book made me raise my eyebrows though. His example on Xango Juice, a multilevel marketing company made me flinch a bit, as did his story on hypnosis; where he relates hypnotizing his friend to the bombardment of advertisement we receive.

Complaints aside, the book was right on target with its principals. You may see them under different name and phrases, but they are still the same concepts that you’ll need to take control of your financial life.

What I especially like was that throughout the book, the moral aspect of money, and its ability to influence both positively and negatively was discussed at length (for a 133 pg book).

At the end, “The Five Lessons A Millionaire Taught Me About Wealth and Life” is a pretty good book. It’s certainly not the greatest in the genre, but it’s definitely not the worse. There are plenty money books out there that takes 5 times as long to convey the concepts to its reader – and to the reader’s woe, at a much less entertaining pace.

Pros:

  • Short & Basic
  • Moral Values
  • Not Boring

Cons:

  • Short & Basic
  • Some Questionable Examples